In a recent interview, Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), discussed the regulation of the cryptocurrency market and combating insider trading, emphasizing the importance of protecting investors.
Importance of Regulating Insider Trading
Atkins pointed out that the SEC has always closely monitored insider trading. He acknowledged that the number of high-profile cases has significantly decreased in recent years. However, he emphasized that fraud, including in the cryptocurrency space, requires continued stringent oversight. "Fraud is fraud," said Atkins.
Changes in Communication with Investors
Atkins also mentioned that the ways companies communicate with investors have changed and that social media and podcasts have become important tools for disseminating information. This has raised questions about access to insider information, as markets operate based on information and fair access is important for all participants.
Regulation of Stock Transactions by Congress Members
When asked about regulations surrounding stock transactions by Congress members, Atkins stated that the "STOCK Act" has had limited impact. The SEC is meticulously reviewing numerous reports on this issue, but the chairman refrained from commenting on specific cases.
In conclusion, Paul Atkins highlights the importance of regulation both in insider trading and the rapidly evolving cryptocurrency landscape, focusing on the protection of investor interests.
